Answer to Question #152520 in Economics for Danyal Salman

Question

'Rich countries spend more money on science and research than poor countries.'
How could you test this claim? Consider the types of information, sources of evidence, and methods you might use.

Answer 1

This statement is true. This statement can be verified by comparing the number of patents for inventions in various fields of science in rich and poor countries. In addition, comparisons can be made based on the presence of scientific development centers such as Silicon Valley. There are no such places in poor countries.